U.S. Savings Rate

The U.S. Commerce Department's Bureau of Economic Analysis reported that Americans spent more than they earned in 2006, showing no interest in saving money. The resulting savings rate of -1 percent was the lowest recorded national savings rate since the Great Depression. The savings rate in the U.S. has been in decline since 1985, when Americans saved 11.1 percent of their disposable income.
More Business and Management